Further to its news release of March 24, 2014, and April 29, 2014,
Klondike Gold Corp. is extending its offer to acquire a majority
interest in the issued and outstanding shares of Klondike Star Mineral
Corp. (KSMC), a private Delaware company. Klondike Gold is offering each
shareholder of KSMC the opportunity to exchange each share of KSMC held
for 0.25 Klondike Gold shares. This offer to exchange is subject to
shareholders of KSMC tendering for exchange a minimum of 51 per cent of
the outstanding shares of KSMC. With a total of 68,653,461 shares of
KSMC issued and outstanding, Klondike Gold may issue up to 17,163,365
shares if 100 per cent of the shares of KSMC are tendered for exchange. The
offer was originally set to expire on May 6, 2014, had been extended to
June 6, 2014, and now is further extended until June 13, 2014, to
accommodate various shareholders who require this extra week extension
to complete the required paperwork in order to tender their KSMC shares
to the Offer.

ABOUT KLONDIKE GOLD CORP.Klondike Gold Corp., is a Canadian
exploration company with offices in Vancouver, British Columbia, and
Dawson City, Yukon. The Company is focused on the development of its
Yukon gold properties, and also holds a large portfolio of gold and base
metal projects in southeastern British Columbia.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements,
which reflect the expectations of management regarding the acquisition
of the shares of Klondike Star Mineral Corporation ("KSMC") and the
combination of the companies. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future, and include statements regarding: (a) the tender of shares of
KSMC to the Offer by shareholders of KSMC, and acceptance thereof by
Klondike Gold, (b) the acquisition of a minimum of 51% of the issued and
outstanding shares of KSMC by Klondike Gold, and (c) the receipt of
approval from the TSX Venture Exchange for the acquisition of the shares
of KSMC. Such statements are subject to risks and uncertainties that may
cause actual results, performance or developments to differ materially
from those contained in the statements, including: (1) the shareholders
of KSMC do not respond to the Offer or do not tender the minimum 51% of
the shares of KSMC,(2) TSX Venture Exchange approval is not
obtained for the acquisition of the shares or the closing of the
transaction, (3) the inherent uncertainties and speculative nature
associated with the exploration for gold mineralization, including the
actual results of current exploration activities,changes in
project parameters as plans continue to be refined, failure of equipment
or processes to operate as anticipated, accidents or other risks of the
mining industry, (4) a decrease in the demand for and/or a decrease in
the price for gold, (5) any number of events or causes which may delay
or cease exploration and development of the Company’s property
interests, such as environmental liabilities, weather, mechanical
failures, safety concerns and labour problems, (6) the risk that the
Company does not execute its business plan, (7) inability to retain key
employees, (8) inability to finance operations and growth, (9) an
extended downturn in general economic conditions in North America and
internationally, (10) an increase in the number of competitors with
larger resources, and (11) other factors beyond the Company’s control.
No assurance can be given that any of the events anticipated by the
forward-looking statements will occur or, if they do occur, what
benefits the Company will obtain from them. These forward-looking
statements reflect management’s current views and are based on certain
expectations, estimates and assumptions which may prove to be incorrect.
These forward-looking statements are made as of the date of this news
release and the Company assumes no obligation to update these
forward-looking statements, or to update the reasons why actual results
differed from those projected in the forward-looking statements.
Additional information about these and other assumptions, risks and
uncertainties are set out in the “Risks and Uncertainties” section in
the Company’s MD&A filed with Canadian security regulators at www.sedar.com.